Rubric Capital discloses 5.83% MannKind Corporation (MNKD) stake
Rhea-AI Filing Summary
Rubric Capital Management LP and David Rosen reported a passive ownership position in MannKind Corporation common stock. They beneficially own 18,000,000 shares, representing 5.83% of the outstanding common stock, with shared voting and dispositive power over all reported shares and no sole power. The percentage is based on 308,950,166 shares outstanding as of April 24, 2026, as stated in MannKind’s Form 10-Q. Rubric Capital Master Fund LP has the right to receive dividends and sale proceeds from more than 5% of the common stock.
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Key Figures
Shares beneficially owned: 18,000,000 shares
Ownership percentage: 5.83%
Shares outstanding: 308,950,166 shares
+3 more
6 metrics
Shares beneficially owned
18,000,000 shares
Common Stock beneficially owned by Rubric Capital and David Rosen
Ownership percentage
5.83%
Percent of MannKind common stock class beneficially owned
Shares outstanding
308,950,166 shares
MannKind common stock outstanding as of April 24, 2026
Shared voting power
18,000,000 shares
Shares over which reporting persons have shared power to vote
Sole voting power
0 shares
Shares over which reporting persons have sole power to vote
Shared dispositive power
18,000,000 shares
Shares over which reporting persons have shared power to dispose
Key Terms
beneficially owned, shared voting power, shared dispositive power, investment adviser, +1 more
5 terms
beneficially owned financial
"The percentage set forth in Row (11) of the cover page for each of the Reporting Persons"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
investment adviser financial
"Rubric Capital, the investment adviser to certain investment funds and/or accounts"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
Schedule 13G regulatory
"This statement is filed by: (i) Rubric Capital Management LP"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
What stake in MannKind Corporation (MNKD) does Rubric Capital report?
Rubric Capital reports beneficial ownership of 18,000,000 shares of MannKind common stock, representing 5.83% of the outstanding shares, based on 308,950,166 shares outstanding as of April 24, 2026.
Who are the reporting persons on this MannKind (MNKD) Schedule 13G?
The reporting persons are Rubric Capital Management LP, as investment adviser to certain funds holding MannKind shares, and David Rosen, Managing Member of Rubric Capital Management GP LLC.
How was the 5.83% ownership in MannKind (MNKD) calculated?
The 5.83% ownership is calculated using 308,950,166 MannKind common shares outstanding as of April 24, 2026, as reported in MannKind’s Form 10-Q for the quarter ended March 31, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.